Arbor Realty Trust detailed 2024 dividend distributions tax treatment for common and preferred shares, all classified as dividend income.
Quiver AI Summary
Arbor Realty Trust, Inc. has announced the tax treatment for its 2024 dividend distributions for both common and preferred shares, stating that 100% of the dividends on common stock will be classified as dividend income. For 2024, the common share dividends, payable quarterly, total $1.72 per share, with each distribution being a non-qualified dividend. The press release also details the taxable distributions for different series of preferred stocks, all classified as non-qualified dividends as well, with respective total distributions of $1.5937500 for Series D, $1.562500 for Series E, and Series F. Additionally, Arbor confirmed that shareholders would not be subject to excess inclusion income for federal tax purposes in 2024. Investors are encouraged to consult their tax advisors regarding the implications of these distributions.
Potential Positives
- 100% of the 2024 dividend distributions for common stock will be classified as dividend income, providing clarity for shareholders regarding tax treatment.
- No excess inclusion income will be passed through to shareholders in 2024, simplifying tax reporting for investors.
- The press release includes specific details on dividend amounts and payment dates, which can enhance shareholder confidence and transparency.
Potential Negatives
- The announcement indicates that 100% of the 2024 distributions will be classified as non-qualified dividend income, which may lead to higher tax burdens for investors compared to qualified dividends.
- The company states that it will not pass through any excess inclusion income to shareholders, which may raise concerns among investors expecting potential benefits from their investments.
- The categorization of all distributions as dividend income could signal to investors a lack of diversification in the company's income sources, potentially raising red flags regarding financial stability and growth prospects.
FAQ
What is the tax treatment of Arbor Realty Trust's 2024 dividend distributions?
All dividend distributions for common stock in 2024 will be classified as dividend income for tax purposes.
When will the dividend payments for common shares occur in 2024?
The common shares will have dividend payments on March 15, May 31, August 30, and November 27, 2024.
What is the total distribution amount for common shares in 2024?
The total distribution for common shares in 2024 is $1.72 per share.
Are there any K-1 forms issued for Arbor Realty Trust shareholders?
No, Arbor Realty Trust does not issue K-1 forms; shareholders should consult their financial advisor for 1099 forms.
Can shareholders expect excess inclusion income from dividends in 2024?
No, Arbor Realty Trust will not pass through any excess inclusion income for 2024 dividends.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ABR Insider Trading Activity
$ABR insiders have traded $ABR stock on the open market 8 times in the past 6 months. Of those trades, 8 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $ABR stock by insiders over the last 6 months:
- WILLIAM C GREEN has made 6 purchases buying 15,988 shares for an estimated $215,354 and 0 sales.
- DAVID ERWIN FRIEDMAN (CCO & Head of Non-Agcy Prod) has made 2 purchases buying 1,775 shares for an estimated $23,229 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ABR Hedge Fund Activity
We have seen 156 institutional investors add shares of $ABR stock to their portfolio, and 139 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WASATCH ADVISORS LP added 797,453 shares (+29.4%) to their portfolio in Q3 2024, for an estimated $12,408,368
- VOLORIDGE INVESTMENT MANAGEMENT, LLC added 602,915 shares (+inf%) to their portfolio in Q3 2024, for an estimated $9,381,357
- MILLENNIUM MANAGEMENT LLC removed 398,195 shares (-94.3%) from their portfolio in Q3 2024, for an estimated $6,195,914
- AZORA CAPITAL LP removed 373,695 shares (-24.2%) from their portfolio in Q3 2024, for an estimated $5,814,694
- CITIGROUP INC added 342,987 shares (+239.7%) to their portfolio in Q3 2024, for an estimated $5,336,877
- NORTHERN TRUST CORP added 336,530 shares (+17.9%) to their portfolio in Q3 2024, for an estimated $5,236,406
- JPMORGAN CHASE & CO removed 332,276 shares (-52.5%) from their portfolio in Q3 2024, for an estimated $5,170,214
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
UNIONDALE, N.Y., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced the tax treatment of its 2024 dividend distributions for common and preferred shares of beneficial interest.
For tax reporting purposes, 100% of the distributions paid on our common stock during 2024 will be classified as dividend income. The 2024 taxable distributions with respect to our common stock traded under ticker symbol ABR are summarized as follows:
Common Shares (CUSIP #038923108) | ||||||||||||||||||
Record Date | Payment Date | Total Distribution Per Share | Non-Qualified Dividend (1) | Qualified Dividend | Capital Gain Distribution | |||||||||||||
3/4/2024 | 3/15/2024 | $ | 0.43 | $ | 0.43 | $ | 0.00 | $ | 0.00 | |||||||||
5/17/2024 | 5/31/2024 | 0.43 | 0.43 | 0.00 | 0.00 | |||||||||||||
8/16/2024 | 8/30/2024 | 0.43 | 0.43 | 0.00 | 0.00 | |||||||||||||
11/15/2024 | 11/27/2024 | 0.43 | 0.43 | 0.00 | 0.00 | |||||||||||||
$ | 1.72 | $ | 1.72 | $ | 0.00 | $ | 0.00 | |||||||||||
The 2024 taxable distributions with respect to our 6.375% Series D Cumulative Redeemable Preferred Stock traded under ticker symbol ABR-PD are summarized as follows:
6.375% Series D Cumulative Redeemable Preferred Stock (CUSIP #038923876) | ||||||||||||||||||
Record Date | Payment Date | Total Distribution Per Share | Non-Qualified Dividend (1) | Qualified Dividend | Capital Gain Distribution | |||||||||||||
1/15/2024 | 1/30/2024 | $ | 0.3984375 | $ | 0.3984375 | $ | 0.00 | $ | 0.00 | |||||||||
4/15/2024 | 4/30/2024 | 0.3984375 | 0.3984375 | 0.00 | 0.00 | |||||||||||||
7/15/2024 | 7/30/2024 | 0.3984375 | 0.3984375 | 0.00 | 0.00 | |||||||||||||
10/15/2024 | 10/30/2024 | 0.3984375 | 0.3984375 | 0.00 | 0.00 | |||||||||||||
$ | 1.5937500 | $ | 1.5937500 | $ | 0.00 | $ | 0.00 | |||||||||||
The 2024 taxable distributions with respect to our 6.25% Series E Cumulative Redeemable Preferred Stock traded under ticker symbol ABR-PE are summarized as follows:
6.25% Series E Cumulative Redeemable Preferred Stock (CUSIP #038923868) | ||||||||||||||||||
Record Date | Payment Date | Total Distribution Per Share | Non-Qualified Dividend (1) | Qualified Dividend | Capital Gain Distribution | |||||||||||||
1/15/2024 | 1/30/2024 | $ | 0.390625 | $ | 0.390625 | $ | 0.00 | $ | 0.00 | |||||||||
4/15/2024 | 4/30/2024 | 0.390625 | 0.390625 | 0.00 | 0.00 | |||||||||||||
7/15/2024 | 7/30/2024 | 0.390625 | 0.390625 | 0.00 | 0.00 | |||||||||||||
10/15/2024 | 10/30/2024 | 0.390625 | 0.390625 | 0.00 | 0.00 | |||||||||||||
$ | 1.562500 | $ | 1.562500 | $ | 0.00 | $ | 0.00 | |||||||||||
The 2024 taxable distributions with respect to our 6.25% Series F Fixed to Floating Cumulative Redeemable Preferred Stock traded under ticker symbol ABR-PF are summarized as follows:
6.25% Series F Fixed to Floating Cumulative Redeemable Preferred Stock (CUSIP #038923850) | ||||||||||||||||||
Record Date | Payment Date | Total Distribution Per Share | Non-Qualified Dividend (1) | Qualified Dividend | Capital Gain Distribution | |||||||||||||
1/15/2024 | 1/30/2024 | $ | 0.390625 | $ | 0.390625 | $ | 0.00 | $ | 0.00 | |||||||||
4/15/2024 | 4/30/2024 | 0.390625 | 0.390625 | 0.00 | 0.00 | |||||||||||||
7/15/2024 | 7/30/2024 | 0.390625 | 0.390625 | 0.00 | 0.00 | |||||||||||||
10/15/2024 | 10/30/2024 | 0.390625 | 0.390625 | 0.00 | 0.00 | |||||||||||||
$ | 1.562500 | $ | 1.562500 | $ | 0.00 | $ | 0.00 | |||||||||||
(1) May be eligible for the 20% qualified business income deduction applicable to certain REIT dividends under IRC Section 199A(b)(1)(B).
For shareholders that may be required to report excess inclusion income to the Internal Revenue Service, we are pleased to report that in 2024, we will not pass through any excess inclusion income to our shareholders. As a result, no portion of the 2024 dividends should be treated as excess inclusion income for federal income tax purposes.
We do not issue K-1s to holders of our common and preferred stock. Please contact your financial advisor or broker to obtain information on a 1099 form.
Note: Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of our dividend distributions.
About Arbor Realty Trust, Inc.
Arbor Realty Trust, Inc.
(NYSE:
ABR
) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading
Fannie Mae DUS®
lender and
Freddie Mac Optigo
®
Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes
bridge
,
CMBS
,
mezzanine and preferred equity
loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.
Safe Harbor Statement
Certain items in this press release may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from Arbor’s expectations include, but are not limited to, changes in economic conditions generally, and the real estate markets specifically, continued ability to source new investments, changes in interest rates and/or credit spreads, and other risks detailed in Arbor’s Annual Report on Form 10-K for the year ended December 31, 2023 and its other reports filed with the SEC. Such forward-looking statements speak only as of the date of this press release. Arbor expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.
Contact:
Arbor Realty Trust, Inc.
Paul Elenio, Chief Financial Officer
516-506-4422
pelenio@arbor.com
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